CBRE secures $44 million in refinancing for Queen Creek Commerce Center, a two-building complex located at 555 East Queen Creek Road in Chandler, Arizona. Led by Bruce Francis, the team successfully secured a 10-year loan with an interest rate of 5.47% and a loan-to-value ratio of 65% on behalf of Schnitzer Properties. The funding was provided by a life insurance company.
Built in 2022, the center spans across two industrial buildings with impressive features such as clear heights reaching up to 32 feet,18 grade-level doors and122 dock-high doors spread over an expansive area of34.54 acres.The total rentable square footage is estimated to be560,352 square feetwith Building A occupying163,o72square feetand Building B covering397280squarefeet.Currently,the property boasts full occupancy.
According to CBRE research,the Phoenix industrial market continues to thrive due to high leasing activity,new supply,and growing tenant demand.This successful transaction highlights CBRE’s expertise and commitment towards delivering exceptional results for their clients’ commercial real estate needs.
